Testing the tunnel effect: comparison, age and happiness in UK and German panels

IZA Journal of European Labor Studies

Table 10 West Germany, SOEP, 2000-2010

	(1)	(2)	(3)
	All	<45	> = 45
Fixed Effects, age polynomial
Household income	0.25***	0.20***	0.29***
	(14.41)	(8.47)	(11.34)
Comparison income	-0.11*	0.26***	-0.27***
	(-1.96)	(2.61)	(-3.47)
Observations	156,194	70,355	85,839
Number of persons	26,711	14,700	14,893
Adj. R-squared	0.0604	0.0682	0.0544

Dependent variable: Life-Satisfaction. Controls for marriage, cohabiting, children, health status, education, work status, interview form, time in panel, year of last interview, household size, age and age squared, year of survey, regional unemployment and federal states are included. Standard errors clustered at the individual level, robust t-statistics in parentheses. ***p < 0.01, **p < 0.05, *p < 0.1.